Wallack Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $253.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- North Hampton, NH
- Founding
- Data as of
- 12/2022
- EIN
- 85-4292738
Organization Overview
Wallack Family Foundation Inc is located in North Hampton, NH. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallack Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wallack Family Foundation Inc generated $253.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.8%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea E Wallack President | 0 | $0 | |
Dennis L Monroe Director | 0 | $0 | |
Blake Schwartz Director | 0 | $0 | |
Gabriel Schwartz Director | 0 | $0 | |
Eva Wallack Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $270,000 |
| Interest on Savings | $371 |
| Dividends & Interest | $62,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$79,650 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,086 |
| Contributions, gifts, grants paid | $104,450 |
| Total expenses and disbursements | $119,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583 |
| Savings and temporary cash investments | $573,705 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,149 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,152,046 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wallack Family Foundation Inc has awarded $104,450 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD WILDLIFE FUND PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
FOUNDATION FOR THE EXHIBITION OF PHOTOGRAPHY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $45,000 |
SEA LEGACY FOUNDATION INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $9,450 |